Which of the Following Best Describes a Vision as It

question 65

Multiple Choice

Which of the following best describes a vision as it pertains to leadership?

• A)A plan to make an effective financial turnaround
• B)A mental image of a future state of an organization
• C)An image that people have of an organization
• D)An operational plan for a specific department
• E)A leader's plan for accomplishing his personal goals

---

Definitions:

Allocative Inefficiency

A situation in which resources are not distributed optimally among producers or consumers, leading to a loss in economic efficiency.

Profit-Maximizing Output

The point of production where a company reaches its maximum profit, occurring when marginal cost is equal to marginal revenue.

Marginal Cost

The bump in expenditure for manufacturing an additional unit of a product or service.

Price

The cost in financial terms anticipated, necessitated, or disbursed for something.